Caesars Entertainment Corporation (CZR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 786,000 | -899,000 | -1,019,000 | -1,757,000 | 81,000 |
| Revenue | US$ in thousands | 9,002,000 | 8,497,000 | 7,105,000 | 2,245,000 | 2,284,080 |
| Net profit margin | 8.73% | -10.58% | -14.34% | -78.26% | 3.55% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $786,000K ÷ $9,002,000K
= 8.73%
Caesars Entertainment Inc's net profit margin has exhibited significant variability over the last five years. In 2023, the net profit margin improved to 6.82%, reflecting a positive trend compared to the negative margins in the preceding two years. The company experienced a notable downturn in profitability in 2020, with a net profit margin of -50.60%, indicative of challenges faced during that period. The positive net profit margin of 3.20% in 2019 highlights a return to profitability after a period of fluctuation. Overall, Caesars Entertainment Inc's net profit margin has shown volatility in recent years, with 2023 demonstrating a notable recovery in profitability.
Peer comparison
Dec 31, 2023